Posts tagged Varo
Growth of brand banking, tragedy of OnDeck vs. Kabbage, and the Indian Fintech war between WhatsApp and WeChat
Growth of brand banking, tragedy of OnDeck vs. Kabbage, and the Indian Fintech war between WhatsApp and WeChat

The fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention.

Banking for brands startup Bond raised $32 million to capitalize on the exploding trend of B2B2C banking.

Samsung Money launched, leveraging SoFi’s infrastructure. As SoFi again seeks a national banking charter, they could become the de facto leader in this space.

Kabbage and Intuit launched small business bank accounts as extensions of their already deep relationships with SMBs.

And WhatsApp is trialing all sorts of financial services in India just as Chinese fintech super apps are being banned from the country.

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big tech, China, digital transformation, paytech, digital lendingLex SokolinOnDeck, Kabbage, WhatsApp, Thought Machine, Bond, Galileo, Marqeta, Cross River Bank, Green Dot, Radius Bank, Railsbank, Twilio, Samsung, SoFi, Varo, WeChat Pay, Ant Financial
Varo's $240M and Marqeta's $150M Rounds, Should Digital Banks Lend? and Fintech Gets Meta
Varo's $240M and Marqeta's $150M Rounds, Should Digital Banks Lend? and Fintech Gets Meta

Today, we talk through a few recent events that are indicative of what’s important in fintech right now.

Varo raised $241 million in preparation to start operating under its own banking license later this year. Is a banking license an asset or a liability if you’re a digital bank?

Marqeta is reportedly now valued at $4.3 billion, as banking-as-a-service continues its mature.

And LA-based fintech Stackin’ raised $13 million to scale its messaging-based offering designed to help Gen Z find the right fintech. What should we make of this?

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neobank, paytech, embedded financeLex SokolinVaro, Marqeta, Stackin, Gen Z, Fiserv, Jack Henry, Curve, Tinkoff, TikTok, LendingTree